Brookstone Capital Management Sells 4,024 Shares of SPDR Gold Shares $GLD

Brookstone Capital Management lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 167,937 shares of the exchange traded fund’s stock after selling 4,024 shares during the quarter. SPDR Gold Shares accounts for approximately 0.8% of Brookstone Capital Management’s holdings, making the stock its 23rd largest holding. Brookstone Capital Management’s holdings in SPDR Gold Shares were worth $66,555,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Planning Hawaii Inc. bought a new stake in shares of SPDR Gold Shares in the fourth quarter worth about $818,000. James Hambro & Partners LLP lifted its holdings in shares of SPDR Gold Shares by 3.2% during the 4th quarter. James Hambro & Partners LLP now owns 60,438 shares of the exchange traded fund’s stock valued at $23,952,000 after purchasing an additional 1,896 shares in the last quarter. Savior LLC grew its position in shares of SPDR Gold Shares by 7.8% in the 4th quarter. Savior LLC now owns 5,447 shares of the exchange traded fund’s stock valued at $2,159,000 after purchasing an additional 393 shares during the period. J. Safra Sarasin Holding AG grew its position in shares of SPDR Gold Shares by 22.1% in the 4th quarter. J. Safra Sarasin Holding AG now owns 21,928 shares of the exchange traded fund’s stock valued at $8,697,000 after purchasing an additional 3,968 shares during the period. Finally, Wealth Quarterback LLC increased its stake in SPDR Gold Shares by 9.9% during the 4th quarter. Wealth Quarterback LLC now owns 5,173 shares of the exchange traded fund’s stock worth $2,050,000 after purchasing an additional 468 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares News Summary

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $414.58 on Tuesday. SPDR Gold Shares has a 52 week low of $272.58 and a 52 week high of $509.70. The company’s 50 day moving average price is $455.62 and its two-hundred day moving average price is $407.50. The company has a market capitalization of $157.58 billion, a P/E ratio of -32.43 and a beta of 0.09.

About SPDR Gold Shares

(Free Report)

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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